(by Kurt Minnich, www.pipe-logix.com) Line pipe prices increased 1.9% in June with domestic prices up 1.4% and import prices up 2.5%. The Pipe Logix Index has increased 33% over the past twelve months. Distributor’s sentiment remains strong with the NASPD Index at 71 in June. All the components of the NASPD Index remain over 50, indicating an expanding market, except new orders, which decreased to 42. Supply of line pipe over the trailing 12 months is 69% higher than for the previous 12 month period, though May volumes are estimated to have been lower than average, lowering the ratio of shipments to active rigs to 204 tons/rig.
Pipe Logix Line Pipe Report – June 2018
Pipe Exchange
14025 West Road
Suite 100
Houston, TX 77041
- Phone: 713.934.9480
- Fax: 713.934.9490
- Email: sales@pipexch.com